Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal – Times of India

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal – Times of India

Bangladesh‘s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. In 2017, the Indian company controlled by billionaire Gautam Adani signed an agreement with Bangladesh to provide power from…

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Bangladesh halves power imports from Adani after outstanding dues: Report – Times of India

Bangladesh halves power imports from Adani after outstanding dues: Report – Times of India

Bangladesh has slashed its power imports from Adani Power by half, citing reduced winter demand and ongoing disputes over dues amounting to hundreds of millions of dollars, Reuters reported quoting government officials.The supply cut, which began on October 31, came after Adani Power reduced power delivery due to delayed payments. This is part of a…

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